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Northern Canadian Announces Nevada Uranium Projects
and Exploration Programs
Vancouver, British Columbia – June 27, 2007 – Northern Canadian
Uranium Inc. (TSX Venture Exchange: NCA; Frankfurt Stock Exchange: N4I)
(the “Company”) is pleased to announce the initial exploration programs
for the Company’s three projects in Nevada. Northern Canadian owns a 90%
interest in 124 claims covering 2400 acres of Federal mineral land in
Nevada. The claims cover three separate uranium exploration projects.
The Carol R Project and the Holiday Mine Project located in Mineral
County, and the Green Monster Project, located in Clark County, Nevada.
The properties are located in well defined mineral districts and have
reported uranium mineralization and in some cases, precious and base
metal mineralization. Keith Laskowski, VP Exploration commented “This is
a great opportunity for NCA to have these prospective uranium projects
in Nevada, perhaps the best place in the world for exploration and
mining. Nevada’s mineral potential is well known as evidenced by the
extensive mining industry already in place and the exploration boom that
is underway. The State’s regulatory agencies are very active and
familiar with all aspects of exploration, environmental and cultural
protection. We are very excited about the potential of these projects.”
All projects will be advanced with initial surface exploration, leading
to drilling programs planned for late in the year. The logistics and
weather in Nevada provide the opportunity to conduct relatively low-cost
drilling all year round, subject to appropriate permitting.
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The Carol R Project is centered on the historic Carol R open pit
mine, which produced uranium in 1955-56. Historic reports indicate
uranium minerals occur within stratigraphic units containing
disseminated carnotite and along bedding and fractures. State of Nevada
records list one sample analysis that reported 0.94% eU3O8. The property
was drilled in 1972 and historic reports state that significant inferred
uranium resources were identified (these results are non-compliant with
NI 43-101 and require confirmation sampling). The Company will assess
complete sampling and mapping on the property to determine the potential
size of the mineralized areas in planning for future programs.
The Holiday Mine Project contains reported intrusive hosted uranium
mineralization that occurs within faults and the contact between
albitaite dikes hosted within a quartz monzonite stock. Historic
reported samples contain up to 0.22% U3O8 and 0.85% thorium (these
results are non-compliant with NI 43-101 and require confirmation
sampling). The project includes 20 unpatented Federal mining claims. The
Company will conduct sampling and mapping to determine the size of the
mineralized area, and to plan additional exploration.
The Green Monster Project includes 80 unpatented mining claims that
surround 4 patented mining claims covering the historic Green Monster
mine (not held by the Company). The Green Monster mine produced
significant lead and zinc, which contained reported elevated uranium
content. A 5 ton bulk sample from the mine, collected in 1951 reportedly
contained 1.09% U308 with individual samples containing up to 10.5% U3O8
(these results are non-compliant with NI 43-101 and require confirmation
sampling). The project contains 80 unpatented Federal mining claims. The
Company will conduct reconnaissance mapping and sampling to confirm the
potential size of the mineralized area, and will consider acquisition of
the central 4 patented claims, that host the historic mine, based on
these results.
Northern Canadian Uranium Inc. (NCA)
Northern Canadian Uranium is a Canadian public company focused on the
acquisition, exploration and development of uranium resources. The
Company’s exploration programs are headed by Keith Laskowski (MSc., VP
Exploration), a designated Qualified Person (NI 43-101) and a geologist
with over 28 years of exploration experience. NCA has a pipeline of
uranium projects, ranging from resource definition to grassroots
exploration. The Company is also exploring two prospective uranium
projects in the Athabasca Basin, six uranium projects in Wyoming and
three projects in South Dakota. One project contains a NI 43-101
compliant indicated uranium resource of 400,000 lbs eU3O8. The Company
has two uranium concessions in Mali, West Africa.
Forward Looking Statements
Some of the statements in this news release contain
forward-looking information, which involves inherent risk and
uncertainty affecting the business of Northern Canadian Minerals Inc. It
is uncertain if further exploration will result in discovery of an
economic mineral resource on any of the properties. Actual results may
differ materially from those currently anticipated in such statements.
ON BEHALF OF THE BOARD OF DIRECTORS
“ Praveen K. Varshney ”
Praveen K. Varshney, CA
President
Contact: Investor Relations
Phone: (604) 684-2181
info@northerncanadian.ca
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